📉The Premium Index is an indicator that monitors Spot prices across various exchanges, comparing them to the market average and to Binance.
Recently, we have observed selling pressure coming from #Coinbase and #Gemini . Interestingly, these exchanges also custody ETF funds such as Grayscale ( #GBTC ), BlackRock ( #IBIT ), and VanEck ( #HODL ), focusing on North American trades.
On the other hand, we have noticed buying pressure from Bitfinex, an exchange with a focus on Europe.
These observations demonstrate that both interest and trading volume in exchanges are strongly related to the dynamics of different regions worldwide. While some exchanges are pushing for sales, others are showing a buying bias.
